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. \s. >>> the bail is off, major new supply-side pro-growth tax reform plans, that's from ways and means chairman dave kamf. and i don't understand why top republican leaders are trashing it. congressman camp will join us live tonight to talk about his plan. >>> also this even harry reid says all the well-documented stories of obamacare paying enough people are not true. really, mr. leader? he blames the koch brothers. >>> we have another horror story to tell you about. wait until you see the confusing, even threatening obamacare tax language in the new tax forms that no one understands. the down side of marijuana is out there. while everyone focuses on the financial effect of colorado's legal pot industry, tonight cnbc will premiere a new documentary that also looks at the dangers of this gateway drug and the serious challenge now facing colorado's parents. all those stories and much more coming up in "the kudlow report" beginning right now. ♪ good evening, everyone. i'm larry kudlow. this is "the kudlow report." we are live here at 7:00 p.m. eastern, 4:00 p.m. pacific. we h
chairman steve forbes and roy hewitt will go on the tax reform plan. >>> and mayor bill de blasio acting like a sandanista. shutting the door on three charter schools and hundreds of kids in new york city. american parents see charter schools as the only way out of poverty for their kids and mostly minority kids at that. we will have the latest on that. meanwhile don't forget free market capitalism is the best path to prosperity. economic freedom and democracy may be at stake in the ukraine. that's why it's important. i'm kudlow and we'll be right back. vo: once upon a time there was a boy who traveled to a faraway place where villages floated on water and castles were houses dragons lurked, giants stood tall, and the good queen showed the boy it could all be real. avo: whatever you can imagine, all in one place. expedia, find yours. anbe a name and not a number?tor scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't tr
president obama today said he's going to get rid of the most outrageous tax loophole in america. will he actually do it this year? jeanne moos shows us the latest workout trend. >> nice job, nice job. there's this kid. coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them. phone: your account is already paid in full. oh, well in that case, back to vacation mode. ♪boots and pants and boots and pants♪ ♪and boots and pants and boots and pants♪ ♪and boots and pants... voice-enabled bill pay. just a tap away on the geico app. ♪ huh, 15 minutes could save you 15% or more on car insurance. yup, everybody knows that. well, did you know that some owls aren't that wise. don't forget about i'm having brunch with meagan tomorrow. who? seriou
writing about. this week is the new republican tax proposal coming specifically from congressman dave camp. and i got to tell you from my perspective, i was not expecting much from this proposal. i was expecting a lot more, you know, let's find an excuse to lower taxes on the rich and possibly raise them on the poor. i was really surprised by how serious this proposal was, how well thought out, the analysis done so far show it is it actually raises overall the tax burden a bit on the wealthy and lowers it in particular on the middle class. and overall, basically keeps the existing progress siivity of th tax company. i know there is stuff you and i don't love, but this is a serious proposal. do you think that we should use this as the basis to start negotiations on reforming our tax code? >> i personally think that it would be -- it would kind of scramble the politics for the mid it terms and also be a good idea on the merits for democrats to actually try to engage in the bill because it actually gets in to the mayor rove trrow of the actually try to engage in the bill because it actually g
. >>> u.s. senate panel investigating tax evasion has accused credit suisse of using cloak and dagger tactics that belong in a spy novel. it alleges c.s. bankers made 150 trips to the u.s. between 2002 and 2000208 orchestrate a large scale tax evasion scheme. some of the things credit suisse is accused of operating remote controlled lifts, and bankers accused of filing false visa applications pretending they were tourists and advising clients how to dodge u.s. tax laws. the senate hearing kicks off late today, shares trading at the bottom, just down just over 3% in trading today. >>> the firm came out to say it considers its insurance policies for wealthy u.s. citizens to be tax compliant. credit suisse has been preparing for investigations into its products known as insurance wrapper wrappers. the long arm of the u.s. treasury, by the way good morning, everybody. you didn't say good morning. >> good morning, sorry, good morning. >> good evening if you're watching in sipping apore as well. good e-mails coming out of credit suisse or conversations out of the investigation? >> it's a li
in america. he'll tell us where that is coming up. >> also, tax season is upon us. up next, john harwood explains why the income tax as we know it could be ancient history in 25 years. i hope he's right. aflac. ♪ aflac, aflac, aflac! ♪ [ both sigh ] ♪ ugh! ♪ you told me he was good, dude. yeah he stinks at golf. but he was great at getting my claim paid fast. how fast? mine got paid in 4 days. wow. that's awesome. is that legal? big fat no. [ male announcer ] find out how fast aflac can pay you at aflac.com. easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. my uncle wanted to say thanks for idea hub. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. [ male announcer ] open an account and get a $150 amazon.com gift card. call 1-888-330-3136 now. optionsxpress by charles schwab. >>> welcome back. as we celebrate cnbc's 25th anniversary, we're
. the majority of the accounts weren't reported for tax purposes to the irs. and the fed wants more information from troubled bitcoin exchange mt. gox, the "wall street journal" saying mt. gox received a subpoena from federal prosecutors in new york last month to preserve certain documents once the world's biggest bitcoin exchange mt. dpox has gone offline. the business is at a turning point, there's a lot of worry the entire business may be bankrupt and gone forever. the controversy surrounding mt. gox putting a lot of pressure on bitcoin prices, $597.75 is where things are trading now. that was a stock, almost like a stock, it's not a real currency sorry to say, joe. >> now you tell us. >> now. >> now you tell us. >> i am not a bitcoin fan. i believe electronic currency of some sort may flourish in some way. i don't know if bitcoin is the way. >> i thought you were a bitcoin advocate. if now your' saying -- >> i'm fascinated by the conversation around bitcoin. >> you know i'm needling you because you have talked about it a lot. i hope no one mistook what you were saying for like an endorsemen
be said about tax reform. everybody talks about it but no one does anything about it and for good reason. virtually every proposal put on the table gets just sliced to pieces by those who claim they want reform but it truly want only to protect their own tax status. congressman dave camp 067 michigan presented this tax reform proposal this week that immediately had some conservatives and some liberals allaflitter with criticism. the chairman's plan would simplify the tax code and make it so that 95% of passenger pairs would be able to do a short term tax form. it would lower rates but in exchange it would end some current deductions. most conservatives like to lower rates wu not ending the deductions. some have even condemned the plan for not having spending cuts. but let's be fair, the ways and means kmee that congressman camp chairs doesn't handle spending. the appropriations committee does that. his committee's responsibility isn't how to decide how to spend the money, just figure out how to get the money that we spend. personally i still prefer the fair tax. that would eliminate the
tax dollars will bail out the insurance industry, humana will get something like that $450 million. >> and tonight, next on "hannity." >> everybody in cleveland, all the minority got phone -- >> he gave you a phone? >> he gave us a phone. >> if you sign up, you got low income, you disability. >> all right, so this president and his handouts like obama [ tires screech ] [ car alarm chirps ] ♪ [ male announcer ] we don't juscertify our pre-owned vehics. we inspect, analyze, and recondition each one, until it's nothing short of a genuine certified pre-owned mercedes-benz for the next new owr. [ car alarm chirps ] hurry in to the mercedes-benz cerfied pre-owned sales event. visit today for exceptional offers. ♪ visit today for exceptional offers. iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for
in crimea and eastern ukraine. president obama rolled out his big tax and spend budget today. it's precisely what the economy doesn't need. former senator jim demint is going to join us and talk about the budget and give us his response to the new piece in this left leaning politico article that asks if mr. demint is the most hated man in washington. of course he isn't. don't forget, free market capitalism is the best path to prosperity. we need a little bit in the ukraine. i'm kudlow and i'll be right back. in a world that's changing faster than ever, we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> secretary of state john kerry promised $1 billion in sanctions to the fledge lg government. are we going to let stand the russian army invasion and the
the state who are dodging their tax payments. the agency released its list today of the top 500 sales and tax delinquencies and they owe $515 million. nine of the alleged tax yes are located in the 6 in -6z 6 in 6 bay area counties. toping this list statewide is a sacramento business registered as richard w.p. owing more than $3.8 million. coming in second, is kings dry wall supply. three-day blights incorporated in anaheim rounds out the top three. the bay area companies on this list include universal floor covering and hayward, north bay wellness group in santa rosa. a and a sales and marketing which does business and san jose's celebrity services. we posted the full list of the tax offenders on our website, ktvutv.com if you'd like to take a look at it. >> the transportation agency voted unanimously this afternoon to expand a pilot program that limits where oversized vehicles such as mobile homes are allowed to park overnight in the city. the program began last june after complaints from city residents who said the vehicle owners were littering, taking up parking spaces and causin
as well as tax increase, republicans wanting lower taxes and less of that spending. they will fight it out in the midterm elections and then we may return to budget talks and some sort of accommodation in 2015. >> john, how real is the return of the conversation about tax and interest? i say it in part because it's in some of these bills, but also because the front page of the "wall street journal," see this right here, blowout call for big tycoons that talked about the payout for people like leon black, $560 million with his income, 465 for steven schwartzman and others. i do know it's been put back in some of the bills, but this has been a policy debate we've been talking about for about five years now. >> there's a lot of momentum behind this issue. i would not expect it to pass this year. one of the things that adds to its momentum in terms of the long-term, which we really get to a tax reform discussion which is not going to be this year, is that dave camp, the republican chairman of the ways and means committee, included this interest in his tax reform bill. the administration will h
. >>> there is a new republican plan on the table right now to completely try to overhaul the u.s. tax code. we're going to tell you what it means, what it means for you and your finances. that's coming up next. >>> and later, amid protesters and rite police, it's maybe the last thing you would expect to hear. a piano played by a masked man who says he's playing for pate ittism. [ woman #1 ] why do i cook? because an empty pan is a blank canvas. [ woman #2 ] to share a moment. [ woman #3 ] to travel the world without leaving home. [ male announcer ] whatever the reason. whatever the dish. make it delicious with swanson. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden
. >> well, except for the $1 trillion in new taxes, and he has not yet postponed the individual mandate. so if you don't have health insurance, you are going to face penalties starting next april that is one of the most unpopular parts. >> right. i forgot. you're right. all this stuff should be frozen. i'm not being partisan. i have no idea who will win the eek electric. all i'm saying is nobody likes this anymore. obama doesn't like this anymore. his advisers don't like it anymore. his supporters don't like it anymore. the next will be state-run single payer and that's got to be stopped. the president has already changed this 20 times, most of them illegally. obama is repealing obama care with his pen illegally. the voter should do this through the representatives in congress to make it legal. what the president is doing is against the rule of law. we've got to do this through the process. you're right. basically what he's doing is putting off the uncomfortable parts of this until he gets out of office to leave the mess for the next person. and leave the overall taxes. you've got to go bac
spent. i was just doing a tally here, chuck, and we've got in fuel vehicle taxes, $85.5 billion a year. revenue just from toll roads that the state is addressing the same problems amounts to $12 billion a year. we have property taxes and assessments that go to fixing our roads and bridges, to the tune of $10 billion a year. and i could go on with the additional taxes of $14.5 billion. the oil company taxes combine now north of $65 billion, much of were supposed to be earmarked to just this sort of thing. so i'm all for fixing our roads and bridges. i just wonder what the hell happened to all that money to do just that? >> i think the infrastructure is getting older every single year and i think there's a lot of money going toward infrastructure, but i never think we could spend enough on the infrastructure because it actually puts people back to work. >> wait a minute, i've added all those up, it's $125 billion and then some. >> right. >> if that isn't enough to deal with this infrastructure, then we're using either gold or we're paying these guys a thousand dollars an hour. but that s
budget. he's trying again today. we'll take a look to see who would be paying more in taxes if he gets his way this time. >>> renowned bond fund pimco has been in the headlines lately with its headline grabbing management changes. we're going to talk with its new deputy chief investment officer about what is ahead for pimco and what was her reaction to that "wall street journal" article saying that bill gross made pimco a tough place to work for. we'll find out coming up. >>> and he's just days removed from serving as the ambassador to russia. michael mcfaul has gone eye all to eyeball with vlad peimir put. did putin just blink or did he wink? (music) defiance is in our bones. defiance never grows old. citracal maximum. calcium citrate plus d. highly soluble, easily absorbed. [ banker ] sydney needed some financial guidance so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today..
with reality. >> making smart spending cuts and closing tax loopholes that right now only benefit the well off and well connected. >> it is primary day in texas. >> in the last gubernatorial election, the latino turnout was make or break issue. >> the voices in south texas will be the voices if they engage. >> are you homephobic? >> i'm not homephobic, are you? >> if you had more gay friends you would not wear that tie? >>> we begin today with breaking news. today the tug of war over ukraine is intensifying with russia's president defending his intervention and u.s. upping the ante. here's president obama over an hour ago. take a listen. >> although russia has legitimate interests in what happens in neighboring state, that does not give it the right to use force as a means of exerting influence inside that state. >> doesn't have the right to use force and then we turn from d.c. to kiev where secretary of state john kerry made a symbolic stop in independence square where that revolution began and visited a shrine to the fallen and after that he blasted russia. >> it is diplomacy and respect for
, there are talks about tax credits, there are talks about reducing the number on medicaid but allowing home to have vouchers so it depends on which alternative you're talking about. >> sure you'll talk much more about this later. jake tapper, many thanks. >> thank you. >>> other top stories we're following at 32 minutes past the hour, in arizona gay rights protesters say they will rally through the night as they call on the governor to veto a bill that is drawing national criticism. some lawmakers who voted for the bill proclaiming it protects religious rights. they are now seeking a veto citing new concerns over discrimination. >>> in the debate, yes, i heard all that but in the debate you hear arguments every day about this one is wrong, that one is wrong, and believed that kind of fit into my position that now when i look back on it, you know, they were right in what they were saying. i have friends in the democrat caucus that were warning me. but, you know, that was only the democratic caucus saying something, no one came to me before hand. >> so you actually believe looking at it now that it
're hoping for 3% gdp growth this year. and any big spike in oil makes you think that's a tax on consumers and it's harder to get. the ten-year is helping, though. in terms of keeping the housing markets going below 2.7%. the euro stayed remarkably strong for europe. basically being on the front line for this situation here. we will, after hitting some new lows, stabilize. and then finally, fwoeld, i think, traded lower yesterday after having really a great quarter, at least two months. so it's down about $4 today at 1334. and china's leaders reaffirmed the growth target of 7.5% but signaled some concerns about reaching that target. eunice yoon joins us now. we're in a great big city this morning, eunice, tossing to you over there. we're feeling very -- i don't know. we're going to change the world. >> you are. i think that's how people here feel, as well. there were thousands of lawmakers that were gathering together in beijing to heir china's version of the state of the union. this is presented by the premier of the country and it's really the first time that investors got a chance to se
early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. >>> yesterday senate democrats brought forth a bill that would ban marketing e-cigs to teens. yeah, that's a concern. what's next? ban the marketing of mountain dew to the elderly? these idiots did this to protect the children, but perhaps they are really protecting the billions in tax dollars they get from real cigarettes. no tone co-in an e-cig. no smoke, it's vaporer, the same stuff b
for expansion of tax credits for the middle class and working poor which the white house says is part of his state of the union pledge to boost economic opportunity for all americans. michelle joins us now from the white house. michelle, how do you think this plays out politically considering how gridlocked things are in washington right now? >> reporter: does this have a chance of passing, you're asking? in a word, and you may already know the answer, no. in presenting this budget proposal, president barack obama wants to address the most difficult issues americans face making living and paying for cost of living. working poor, working minimum wage and working full time. they don't have the tax credits workers with children do. obama wants to expand to workers without children, younger workers. this budget contains $60,000 billion worth. obama wants to help obama pay for child care, tax credits for people with young children, pay for education and save for retireme retirement. republicans have problems with it in specifics like closing tax loop hohole loopholes. some say this does nothing t
: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com here in philadelphia you can access a philly cheesesteak anytime, day or night. just like you can access geico anytime, day or night. there is only one way to celebrate this unique similarity. witness the cheesesteak shuffle. ♪ cheesesteak, cheesesteak ♪ ♪ it's the cheesesteak shuffle! huh! ♪ ♪ every day, all day, cheesesteak, cheesesteak! ♪ ♪ every night, all night cheesesteak, cheesesteak! ♪ ♪ 9 a.m. cheesesteak! ♪ 2 p.m. cheesesteak! ♪ 4 a.m. cheesesteak! ♪ any time (ruh!) >>geico. fifteen minutes could save you fifteen percent or more on car insurance. "stubborn love" by the lumineers did you i did. email? so what did you think of the house? did you see the school ratings? oh, you're right. hey babe, i got to go. bye daddy! have a good day at school, ok? ...but w
these cities. flee away from taxing, crime, whatever. and went to suburbia. it followed them. they said why are we spending three hours a day on the long island expressway? let's move back into these cities. so for me it's about people get displaced. where the black population of new york city has declined. the hispanic or puerto rican population has declined. it's about having affordable housing so people whoever they are can live in new york city. and it's not just new york. d.c. used to be called chocolate city. chicago, they knocked down the cabrini green projects and now black people are stuck on the projects outside of chicago. >> sorry. isn't this something that has happened to in every generation to all sorts of different groups? little italy in new york has gotten smaller as parts of chinatown have grown and other neighborhoods have grown. one an area that used to be predominantly jewish then changes over to another ethnic group. you don't see this as something -- you think it's escalating? >> here's the difference, anderson. because those, they were moving up. when you had the ghe
to a significant change but you have the anniversary of the payroll tax increase and the sequester not far away, there's hope that you'll get more economic activity translating into more consumer spending although we're not sure how that will play out because we have this potentially seminal in the way people shop. >> we had a big increase in the value of homes and macy's talks about how furniture was very strong. i mean, there are lots of people who are still putting money in homes. and that seems to be the trend that a lot of these retailers have been talking about. remember, target has a nice home business. people are spending on their homes. they are. >> now, target's q-1 profit view's a little below consennious aconsenn io consennsus, and they don't know what the data breach will cost them down the road. what is your game plan on target? >> i think the yield will hold it down. it's so funny do you know what we've got this interesting market that's the opposite of how skeptical we were coming in about retail. lowe's goes up yesterday on home deem poe doing well. low they give us a good numb
progress on some sort of a national property tax. given the property tax, although it seems residential, will that have knock on effects through commercial? >> i think they've been talking about that. every year at this time, people grabbing headlines. what will pay attention to government policy? it's not surprising they've been talking about property tax. that's been anticipated for many years. i think the market has digested that. everybody expects it to be gradual. so it's important to start having property taxes. if you hold property in china, there's no property costs. if your home is sitting there empty, there's no penalty because you don't really feel hurt. that's why the worry is there are so many buildings and not being occupied and not being neutralized. and so having introduced the property tax will deal directly with that. now, continuing to hold the property if there's a tax you need to pay every month? >> highly rated u.s. companies sold more than $19 billion in debt on tuesday, the busiest day of the year. they looked to take advantage of recent rallies in u.s. treasurie
billion spending increase. huge increase in spending. the other side of the coin is tax sayings. we are going to be -- we are bringing 2.7 trillion in taxation last year. it will be 2.3 trillion next year and the president wants another trillion on top of that. the big picture very clear. tax more, spend more, more government. gregg: off camera you were telling me about the earned income tax credit. >> included in this budget there is an expansion of the earned income tax credit. that's a check that goats out in the mail to people who are working that earn very little money. the president proposed to expand that and bring in an extra 13 million people to get that check every year. those 13 million people have no children. at the moment you can't get the earned income tax credit if they have got no children. the president will expand that, people with no children will be brought in. 13 million more people getting that check in the mail, paid for by you the taxpayer. it's a vast expansion of what we call the social security net under this budget. gregg: there are a great many skeptics
break fast. >>> coming up on "morning joe," congressman dave camp with his new tax plan that is drawing fire from both sides of the aisle. andy serwer will be us and the ice skating duomeryl davis and charlie white will join us. here is bill karins with a check on the forecast. >> no more doritos? >> we got them. >> oh, one more! >> oh! >> eat the whole thing. >> that is a step away from joe scarborough who just leaves it sitting -- >> learn from the master. >> what is the weather? >>> two storms for the west coast. the first in california yesterday and the second one is out in the pacific. this is the big one and waiting for. it's not going to end the drought but take a dent out of it. areas up there in the mountains, we could see up to four feet of snow in the mountains of california. this is much needed. we are predicting about 2 inches of rain and maybe 3 inches of rain in l.a. the most they have seen from one storm in three years. gives you the perspective of how bad this drought has been. of course, the temperatures in the northern plains. this is just brutal stuff. i mean, i know
an eye on that and play you any sound from the first lady. like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com and a hotel is the perfect place to talk to you about hotels. all-you-can-eat is a hotel policy that allows you to eat all that you can. the hotel gym is short for gymnasium. the hotel pool is usually filled with water. and the best dot com for booking hotels, is hotels.com. it's on the internet, but you probably knew that. or maybe not, i don't really know you. bellman: welcome back, captain obvious. captain obvious: yes i am. all those words are spelled correctly. >>> a newly released poll suggests that republicans are in pretty good position, and now that colorado cory gardner has announced he will enter the senate race challenging senator mark udall. but given the recent controversy over arizona 'now vetoed bill that would
of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com there was a boy who traveled to a faraway place where villages floated on water and castles were houses dragons lurked, giants stood tall, and the good queen showed the boy it could all be real. avo: whatever you can imagine, all in one place. expedia, find yours. i takbecause you can't beatrning for my frzero heartburn.n. woo hoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. [dog] larrwanna play?arry? [announcer] a healthy dog is a playful dog. [dog] let's do this larry. [announcer] help him keep those muscles while he loses a few pounds with beneful healthy weight. made with wholesome rice,real chicken,soy, even accents of vitamin rich veggies. it's calorie-smart and tastes so g
and, he wants to pay for half of it with a one-time stream of corporate tax reform revenue, you know, because that's going to pass, and he also wants to announce $600 million in grants from the department of transportation. now to get your hands on that cash proposals need to be transformative, increase access to jobs, there's that focus on jobs, jobs, jobs again and save energy and fuel. meanwhile, back in washington, house democrats are preparing to dust off one of the oldest tricks in the books, the discharge petition to try to force a vote on raising the minimum wage. here to help break down all of this complicated wonderful strategery, imy wail yajimmy wi. how you doing? it's been too long. >> right. >> i love all of this that you can do in the parliamentary process. explain what a discharge position is and is it a good idea? >> it basically says to the minority. hi, here's the deal, if you're in the minority, the democrats, you need to get a certain number of republicans so that we can get to 218, that's the half, that's the number. you have to get half the number of the house
an economic renaissance, right? >> absolutely. if we just do a couple simple things -- we haven't had tax reform since 1986. it was before the internet got invented. we don't have a system that's competitive. immigration, that's a challenge. we need stem workers in this country to free up manufacturing. you have a bipartisan budget proposed. proposed. we put aside the shutdowns and debt ceilings and all that debate came off the table. those are small victories. >> joe ecchevaria. >> you said that differently. >> well, that's how other people say. >> coming up, mayor de blasio under fire. we'll talk to charter school founder eva moskowitz straight ahead. we'll be right back. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. millions have raised their hand for th
expansion of earned income tax credit. 13.5 million workers would be eligible for $60 billion in credit. also included, billions for roads and rails, spending the white house says will bolster the economy. republicans say the president's budget is dead on arrival. they complain it runs up the nation's credit card without addressing long term debt. the 2014 primary season kicking off in texas with drama. attorney general greg abbott easily winning the republican primary a. he's the new gop nominee in more than one decade. he wants more freedom and less government. >> we must never forget that the rights that we have, they don't come from government. instead those rights come from god. >> democrats pinning their hopes on state senator wendy davis. she called her opponent defender of status quo. >> i'm ready to fight for you and to fight for every hardworking texan a across the state. >> another member of the bush family begins his political career with a win. george p bush, former son of jeb bush. one lieutenant governor dewhurst and the oldest serving member of the house is fighting for
-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com lois ar >>> but you know that in every account, by helping them into a chair, listening to them, all of those are opportunities. christ is really living in them. and then we bring christ to them in ourselves, and it is the final moment, when you know they got into the hands of god you know they were there. it's incredible. >> well, we promise you an update on the legal battle pinning the united states government against the women you just saw, nuns, who have devoted their lives to helping the least of these, the little sisters of the poor launched a full appeal this week asking the tenth circuit court of appeals to protect their religious freedoms so they're not forced to provide contraception to their insurers. last night i spoke to the senior counsel for the nuns and asked h
tax exempt stating are trying to figure out how it started. after the supreme court ruling of january 2010 up holding the rights of groups to contribute to races, president obama called on them to fix it in his address. >> they reversed a century of law that i believe will open the flood gates for special interests. >> a month later, new york democratic senator chuck schumer announced he was introducing the disclose aid, and then in april 2010, the president warned about shadowy groups with harmless sounding names. they said the irs felt the pressure. >> we never heard about any problems with people applying for tax status since 1959 when there were rules put in place. we never had problems until 2009 when this administration took over. that's when it all started. >> at numerous congressional hearings, lawmakers have heard the horror stories of people who had their lives turned upside down by the federal government. >> since that filing in 2010, my private business, my nonprofit organizations, my family and i have been subjected to more than 15 instances of audit or inquiry by federal
programs and provide job training. to help pay for suggestion it would include buffett tax named after warren budget, for airline passengers and tobacco products. the president sold his provision at a local school today. >> road map for expanding jobs and wages and opportunities for all americans. at a time when our deficit has been cut in half, it laos us to meet our obligation to future generations without leaving them a mountain of debt. >> budget also did he vote money for highways and roadways. >> republicans have a different view on spending priorities and debt. what are they saying? >> john boehner calling it perhaps the president's most irresponsible budget ever. paul ryan says it isn't a serious document, it is a campaign brochure. ryan is working on a budget of his own which is expected to take a look at poverty programs noting some work, others don't. as for the president's blueprint, the top republican on the senate budget committee blasted it. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it, i
while the number of overweight kids goes down. the first report that taxes raised from the sale of legal marijuana are in. it is wednesday, february 26th, "early today" starts right now. >>> good wednesday morning to you, i'm frances rivera. a major recall is expanding after deaths have doubled. it involved defective ignition switches in 1.6 general motors vehicles in the united states, canada and new mexico. that faulty switch can inadvertently turn off which shuts down the engine and most electrical components including air bag a systems needed in crashes. i want to you take a look at these models carefully because they include 2003 to 2007 saturn ions, 2006 to 2007 chevrolet hhrs, pontiac solstices and saturn sky models joining the already recalled 2005 to 2007 chevrolet cobalt and pontiac g5 sedans and the 2005 to 2007 pontiac pursuit sold in canada only. now in a statement gm's north america president says, quote, ensuring our customers' safety is our first order of business. we are deeply sorry, and we are working to address the issue as quickly as we can. gm will notify all affect
sales tax revenues. >> nbc's mike taibbi joins us from phoenix. what do we know from the meetings today? >> reporter: well, the governor is going to be very busy today, tamron, she's going to have a number of meetings, one with the three state senators whom you just refer. we spoke to one, who expects to explain why he and his two senate colleagues changed their mind. as you say, originally supported for the bill believed it had nothing to do with lgbt or identity issues, that it was a religious freedom bill, as it says in the text, the words gay, lesbian, lgbt don't exist anywhere in the bill, senator pierce pointed out, so he did support and vote for that, along with his republican congress, then you saw the fallout and saw that whether there's a difference between reality and perception or not, perception is what matters, it's what people are reacting to. he said we made a mistake, we got to fix it. he's going to go and tell the governor exactly that. then the governor is likely going to hear from the phoenix economic council. we spoke to the executive director. he said he's been spe
stations, home to nike and has no sales tax. >>> back with more in a minute. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. (voseeker of the sublime.ro. you can separate runway ridiculousness... from fashion that flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like a pro. [ car alarm chirps ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze, and recondition eac
know, al, there is a program called the earned income tax credit. that is if you work, you get tax credits that will lift you up. now, if paul ryan were serious and he wanted to make the earned income tax credit lift people out of poverty, he could find some support for us giving up some other things that are floating around that are sort of patchwork trying to do that. you have to have a certain amount of money or you are in poverty. and you either get it through the job you get or you get some kind of help from the government. and when it comes to feeding your kids and putting a roof over their house and not living in your car, it takes money. that's what he refuses to accept. >> right. now, today's report goes after food stamps as well, joan. >> right. >> and this is a theme republicans have hit on before. in attacking the president. listen to this. >> food stamps versus paychecks. obama is the best food stamp president in american history. >> when he says obama is the food stamp president, which by the way he is. >> lottery winners, multimillion-dollar lottery winners are getti
-american, the koch brothers? good lord. these guys pay so much in taxes, they pay your salary 1,000 times over. >> does harry reid have any credibility left after attacking mitt romney on not paying his taxes. what happened to that? they put it out there and then skulk and run away. we have to go. we gotta go. i'll give you a list during the break. coming up next, more drama on capitol hill today. the senate voted on whether or not -- bob -- to confirm president obama's controversial nominee for the justice department. a man who once defended a cop killer, vice president biden went to help out with the vote. we'll tell you the results up next. when it's donut friday at the office i use my citi thankyou card to get two times the points at the coffee shop. which will help me get to miami...and they'll be stuck at the cube farm. the citi thankyou preferred card. now earn two times the points on dining out with no annual fee. go to citi.com/thankyoucards. [ alarm sound for malfunctioning printer ] [ le announcer ] you've reached the age where you've learned a thing or two. [ metal cnks ] ♪ this
taxes and has not paid them in ten years and he said in addition to that mitt romney has probably committed other felonies. as it turns out mitt romney paid millions of dollars in taxes and harry reid pretended he had not smeared him. yet he had done just that. there are a number of right-minded americans who are wondering mr. reid, what are you talking about? and you do sincerely owe an apology to these people you smeared unjustly. >> 11 minutes after the top of the hour. >> you might not recognize his face yet but our next guest says he could be the next bin laden. >> millions of dollars in campaign donations coming from planned parenthood, so who is it specifically going to go to and why? we're going to explain that as "fox & friends" rolls on live from new york city, where it's 9 degrees right now, folks. ♪ ♪ go long, look lean, in this season's most important fashion trend, the long shirt. designed to flatter, with playful hemlines and length for everybody. the new long shirt. visit the shirt boutique, only at chico's and chicos.com. help keep teeth clean and breath fresh
tax proposals meant to help low and middle-income families. the white house says the president's budget plan reflects his desire to try to reduce income disparity. by law, the president is required to release a budget plan but for the most part congress usually ignores it and comes up with its own budget. >>> 7:17. back here at home, the oakland police department is hiring and the department is hoping to fill its ranks with some home- grown talent. right now, the oakland police department has 616 police officers and the money to hire 91 more. the department says reaching out to local recruits, that has been a challenge. that's why they are targeting people as early as high school. and they are using technology like social media and text messages to reach the candidates. >> we're recruiting a younger generation, we're much more tech savvy than people were in the past. they are making use of social media so we're going to them. >> the starting salary for for an oakland police officer ranges from $69,000 to $98,000 a year. >>> happening now -- the final day of mardi gras celebrati
just on the price of the ticket excluding taxes. already this year cheating medallion status with perks like early boarding is calculated based on the price of the ticket and mileage flown. in 2015 the status will be determined by how many miles you earn. even for road warrior like george clooney's character in "up in the air," flying coach will mean fewer miles. if you buy a $950 coach ticket from new york to san francisco today, diamond status earns you about 11,600 miles. next year, it would only be about 10 stsht,400. but step up to a 3,000 business class ticket, and next year that same flight will earn you 33,000 miles. delta is aiming to make it pay for the business class flyer to buy up. delta's stock, well, trading at an all-time high today. seems some folks think this could pay off handsomely. >> and as you said, rivals will keep an eye on this as well. see if it sticks. >> we want to see what it means for delta's stock. let's bring it down with ben and joe. it is great to see you both. joe, you know the numbers here for the stock. what happens now? >> yeah, we actually think t
with a checkered history and it is a $360 million and they say, $230 million, but $360 million pre-tax the. okay. >> and you think it is important because you look at $360 million pretax fraud resulting in a $235 million after-tax writedown and it gets complex. >> it is complex. >> but related to transactions between penmax and vanimax who is a big subsidiary? >> yes, because i felt that citi is the emerging market bank, and this is the jewel of the crown, and this is a company troubled for a long time. there was a corruption investigation started february 14th, and citi does allude to that, but when you are the emerging market bank, what you want is 6% to 7% growth routine and you don't want corruption, and this is a throwback and this is a oceanographica, and it is not a company you want to be affiliated with and they can sell assets, but it is a black mark, and the stocks started trading down when the investigation began and all of the financials are weak, but this is disappointing. >> but time again we have a company admit to or accused of having trouble doing business in this specific part
. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> okay. we've heard from our reporters in moscow and from crimea. we were going to talk to vitali klitschko. he couldn't make it. to get a feel of the mood in kiev i have ian lee standing by there. ian, there has been much talk out of kiev about actually preparing for war. is that what it feels like there? >> reporter: it definitely has that sort of feel here, fareed, especially in independence square behind me all day. they're talking about the situation in the crimea and the russians moving in and also talking about those military bases in the crimea that have been blockaded by russian forces unwilling to give up, surrender to the russians there. these are people who are still mourning, mind you, after the bloody weeks that they had
. well, why? >> well, when the house ways and means chairman dave camp introducing a sweeping tax reform bill that he's worked on for a year and his own speaker says, blah, blah, blah, clearly he's not going to come to the floor. but again, washington paralyzed? >> absolutely, the fact that dave camp introduced this, introduced this bill and -- >> what's the second day story? what's the third day story? >> tax reform is different than immigration. immigration is something conceptually that you're either for or against it. tax reform, it's harder to discuss for five, six, seven days. in the more mainstream publications. and i think as far as what dave camp introduced, you're going to see pieces of it continuing to be discussed. >> okay. >> but, yeah, it's not as exciting as immigration reform. in a lot of ways. >> is it the role of reporters, not xhen tate eors to assign bl? blame president obama for the fact that nothing is getting done and -- >> you're saying should reporters be assigning blame? >> yeah. >> but there's blame to go around. i think the voters are the ultimate arbitrators
're in effect paying out 1% or 2% annually of your portfolio, that's a big, big tax that you don't have to pay. >> and people who are at home listening to this, they need to look at the suspension ratio. you could probably get one for 20 to 25 points. >> yes, i think that's -- actually, 25 points. now, if they've traded around like crazy, they pay people to tell them what to do with it and everything, their returns become our returns with expenses. so you should look for very, very low expense way of participating and incidentally, at berkshire, our expenses are very, very low in relation to the 100 plus billion of investments that we had. >> we do have the opportunity for viewers to write in and ask you their questions. one viewer did write in the question asking about whether did you lay out that you had said he set this mon aside for your wife instead of being put back into berk share shares. >> berkshire would be fine. but i wouldn't want to be doubting berkshire to people generally. i have no problem touting the s&p 500 at the low cost. >> let's talk a little bit about what you see in the
,000 a month to stay home, money that comes from your tax dollars. >> in this situation where you have somebody forced to leave his office, he's no longer doing the people's business, therefore i think there's an open question as to whether or not they should continue to get paychecks. >> reporter: this professor of george law school says the state must be careful taking away pay too early in the legal process. >> it could also look bad to kick people out before they're convicted. >> reporter: but it's argued there ought to be tougher standards. >> public officials should always be held to a higher standard. they are acting on the public's behalf. >> reporter: there are no specific rules about forfeiting salaries. a senate leader currently darrell steinberg is allowed to use his discretion when determining whether a lawmaker should get paid or not. >> consistently the legislative bodies have not expelled members until they're proven guilty. so until they're expelled they're treated as if they're still on the job to a certain extent. >> reporter: the last time a senator was expelled was 109
safety issues these to educate drivers. let's just say is your tax dollars at work. >> for example, the driver of this truck was holding his cell phone while he was driving. this is in violation. >> so this officer will have a chat with him. he was one of many looking for distracted drivers 3 >> the sure phone have a desk- >> the driver stated, this is a truck that i never dry. my car has chance for a, i just happen to be picking up something. >> if so, the first time he was not driving handsfree, he got caught. >> it is not always about giving out ticket but about educating the driver. >> this is not want to be any of that. they would know that you have been stopped before for been on your cell phone. >> this person was also quoted as cell phone. when officer approached, she said she was not driving. >> the you know you are operating at card use and is wrong? >> listen what she says when i talk tour. >> how're you today? >> fine. how're you. >> d. no i am. >> you are the behaving badly guy. >> why am i here? >> because i was caught the had been badly. >> he could not resist search
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